Caitlin John LLC Buys Shares of 5,545 InterDigital, Inc. $IDCC

Key Points

• Caitlin John LLC acquired a new position in InterDigital, purchasing 5,545 shares valued at approximately $1,243,000 during the 2nd quarter, indicating growing institutional interest in the company.
• Analysts at Roth Capital raised their price target for InterDigital from $270.00 to $350.00, maintaining a "buy" rating on the stock, which has an average rating of "Buy."
• InterDigital announced an increase in its quarterly dividend from $0.60 to $0.70, with the next payment scheduled for October 22nd, reflecting a commitment to returning value to shareholders.

Caitlin John LLC acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,545 shares of the Wireless communications provider's stock, valued at approximately $1,243,000.

A number of other institutional investors also recently bought and sold shares of IDCC. Wayfinding Financial LLC acquired a new position in shares of InterDigital during the first quarter worth about $32,000. Global Wealth Strategies & Associates purchased a new position in shares of InterDigital during the second quarter valued at approximately $38,000. Headlands Technologies LLC purchased a new position in shares of InterDigital during the first quarter valued at approximately $35,000. Banque Transatlantique SA acquired a new position in InterDigital during the first quarter worth approximately $33,000. Finally, Concord Wealth Partners acquired a new position in InterDigital during the first quarter worth approximately $37,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

InterDigital stock traded up $11.68 during trading hours on Monday, hitting $346.49. 355,273 shares of the company traded hands, compared to its average volume of 328,036. InterDigital, Inc. has a 1-year low of $136.58 and a 1-year high of $360.30. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. The firm's 50-day simple moving average is $271.15 and its two-hundred day simple moving average is $233.75. The firm has a market cap of $8.94 billion, a P/E ratio of 24.70, a P/E/G ratio of 1.67 and a beta of 1.42.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, beating the consensus estimate of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The company had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. During the same quarter last year, the firm posted $4.57 EPS. The business's revenue for the quarter was up 34.5% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. As a group, analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, October 8th. This is a boost from InterDigital's previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital's payout ratio is 17.11%.

Insider Buying and Selling

In other news, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total value of $261,030.00. Following the transaction, the chief technology officer owned 67,122 shares of the company's stock, valued at $17,520,855.66. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of InterDigital stock in a transaction on Friday, August 29th. The stock was sold at an average price of $273.12, for a total transaction of $127,273.92. Following the sale, the insider owned 28,370 shares in the company, valued at $7,748,414.40. This represents a 1.62% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,932 shares of company stock worth $1,010,930. Insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Roth Capital increased their price objective on shares of InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, InterDigital currently has an average rating of "Buy" and an average target price of $350.00.

InterDigital Company Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.